NOV’s industrial data platform featured in July World Oil

Digital technology and Big Data are changing the face of the oil and gas industry. Recognizing that a major shift is occurring, NOV developed the Max industrial data platform, which enables large-scale collection, aggregation, and analytics of real-time equipment data. Having such data and analytics enables significant improvements in performance and reductions in maintenance costs across a wide variety of products and systems.

Max collects data from onshore and offshore rigs, production wells, service equipment, and manufacturing facilities, to name a few sources, and organizes the data into one place for fleet-wide visibility and monitoring of equipment that work in tandem. Understanding equipment health and performance metrics is critical to lowering costs and allows identification of failure modes and system anomalies to facilitate long-term optimization. This happens across an entire enterprise versus a single asset, reinforcing the value of the system in providing such a comprehensive overview.

Max is part of NOV’s broader condition-based predictive analytics framework. The three other components that work with Max to enable integrated solutions include:

The machine engineer, who serves as an SME, can conclusively prove system health, and is supported by a robust aftermarket infrastructure that creates a feedback loop;

The data scientist, who collects and compiles the large amounts of data for analysis and creates systems to generate automated, actionable information;

The large footprint of NOV’s products deployed in the field, which enables collection of extensive historical data.

Max is being implemented in both real-life use cases and proof-of-concept engineering projects. These include predicting operational failure in subsea BOP systems and drilling systems; improving coiled tubing and completion workover activities and preventing catastrophic events; monitoring subsea flexible pipes; and applying usage-based maintenance programs to mud pumps. Use of Max with other equipment and technologies is actively being researched and developed by NOV at this time.